TY - GEN digital ID - 131331148 TI - Who Shrunk China? Puzzles in the Measurement of Real GDP AU - Feenstra, Robert C. AU - Ma, Hong AU - Neary, J. Peter AU - Rao, D.S. Prasada PY - 2012 PB - Cambridge, Mass. National Bureau of Economic Research DB - UniCat KW - Zonder onderwerpscode: economie UR - https://www.unicat.be/uniCat?func=search&query=sysid:131331148 AB - The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle and conclude that it reflects a combination of factors, including substitution bias in consumption, reliance on urban prices which we estimate are higher than rural ones, and the use of an expenditure-weighted rather than an output-weighted measure of GDP. Taking all these together, we estimate that real per-capita GDP in China was 50% higher relative to the U.S. in 2005 than the World Bank estimates. ER -